Rothschild Investment LLC Invests $180,000 in Signet Jewelers Limited (NYSE:SIG)

Rothschild Investment LLC bought a new position in shares of Signet Jewelers Limited (NYSE:SIG) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,010 shares of the company’s stock, valued at approximately $180,000.

Several other large investors have also recently bought and sold shares of SIG. Lazard Asset Management LLC boosted its position in shares of Signet Jewelers by 6.8% during the 1st quarter. Lazard Asset Management LLC now owns 1,830 shares of the company’s stock worth $183,000 after acquiring an additional 116 shares in the last quarter. Blue Trust Inc. boosted its holdings in Signet Jewelers by 15.3% in the second quarter. Blue Trust Inc. now owns 917 shares of the company’s stock valued at $82,000 after purchasing an additional 122 shares in the last quarter. SummerHaven Investment Management LLC increased its stake in Signet Jewelers by 1.4% in the second quarter. SummerHaven Investment Management LLC now owns 10,405 shares of the company’s stock valued at $932,000 after purchasing an additional 144 shares during the last quarter. Commerce Bank raised its holdings in Signet Jewelers by 5.3% during the fourth quarter. Commerce Bank now owns 2,941 shares of the company’s stock worth $315,000 after purchasing an additional 148 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in shares of Signet Jewelers by 5.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,824 shares of the company’s stock worth $303,000 after buying an additional 156 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on SIG. Citigroup reiterated a “buy” rating and set a $119.00 price target on shares of Signet Jewelers in a research note on Friday, June 14th. StockNews.com upgraded Signet Jewelers from a “hold” rating to a “buy” rating in a research report on Tuesday, August 27th. Telsey Advisory Group reissued a “market perform” rating and issued a $105.00 target price on shares of Signet Jewelers in a research report on Wednesday, July 24th. Finally, Wells Fargo & Company cut their price target on Signet Jewelers from $125.00 to $105.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 27th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Signet Jewelers presently has an average rating of “Moderate Buy” and a consensus target price of $116.20.

Insider Activity

In related news, insider Rebecca Wooters sold 3,000 shares of the stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $90.34, for a total transaction of $271,020.00. Following the completion of the transaction, the insider now directly owns 90,494 shares of the company’s stock, valued at $8,175,227.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Signet Jewelers news, insider Rebecca Wooters sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $90.34, for a total transaction of $271,020.00. Following the transaction, the insider now owns 90,494 shares in the company, valued at approximately $8,175,227.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Eugenia Ulasewicz sold 3,334 shares of the stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $87.94, for a total value of $293,191.96. Following the transaction, the director now directly owns 29,418 shares of the company’s stock, valued at $2,587,018.92. The disclosure for this sale can be found here. Insiders have sold a total of 57,439 shares of company stock valued at $4,809,869 over the last quarter. Corporate insiders own 3.26% of the company’s stock.

Signet Jewelers Stock Down 0.4 %

NYSE SIG opened at $84.10 on Tuesday. The firm has a market cap of $3.75 billion, a P/E ratio of 6.84, a P/E/G ratio of 0.90 and a beta of 2.16. Signet Jewelers Limited has a 52-week low of $65.12 and a 52-week high of $112.06. The business’s 50-day moving average price is $82.78 and its 200 day moving average price is $93.67.

Signet Jewelers (NYSE:SIG) last announced its earnings results on Thursday, June 13th. The company reported $1.11 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.29. Signet Jewelers had a return on equity of 32.51% and a net margin of 10.91%. The company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.52 billion. During the same period last year, the business posted $1.78 EPS. The company’s revenue was down 9.4% on a year-over-year basis. As a group, analysts anticipate that Signet Jewelers Limited will post 10.6 earnings per share for the current year.

Signet Jewelers Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, July 26th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend was Friday, July 26th. Signet Jewelers’s dividend payout ratio (DPR) is presently 9.43%.

Signet Jewelers Company Profile

Signet Jewelers Limited operates as a diamond jewelry retailer. It operates through three segments: North America, International, and Other. The North America segment operates jewelry stores in jewelry stores in malls, mall-based kiosks, and off-mall locations in the United States and Canada primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, Zales Outlet, Zales Jewelers, Diamonds Direct, James Allen, Banter by Piercing Pagoda, and Peoples Jewellers names, as well as operates online through its digital banners, James Allen and Blue Nile.